What are the strategies to avoid sandwich attacks in cryptocurrency trading?

3 answers

• Nilsson MeyerDec 11, 2022 · 3 years ago
  One strategy to avoid sandwich attacks in cryptocurrency trading is to use a decentralized exchange (DEX) instead of a centralized exchange. DEXs operate on a peer-to-peer network, which reduces the risk of sandwich attacks as there is no central authority to manipulate the order book. Additionally, always double-check the addresses you are sending funds to and enable two-factor authentication (2FA) for your exchange accounts to add an extra layer of security.
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• Dundup DorjeeOct 02, 2023 · 2 years ago
  Sandwich attacks can be avoided by carefully monitoring the order book and transaction history. Look for suspicious patterns, such as large buy or sell orders placed right before your trades, and consider cancelling or adjusting your orders accordingly. It's also important to stay updated on the latest security practices and news in the cryptocurrency industry to stay ahead of potential threats.
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• Denton HardinMay 07, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, recommends using limit orders instead of market orders to avoid sandwich attacks. Limit orders allow you to set a specific price at which you want to buy or sell, reducing the chances of falling victim to manipulative trading strategies. Additionally, consider using a hardware wallet to store your cryptocurrencies offline and keep them safe from potential attacks.
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